July 14, 2009

Bahamas Telecommunications Company for sale

The Nassau Guardian is reporting:

The government is today launching the formal process intended to lead to the sale of a 51 percent stake in The Bahamas Telecommunications Company (BTC), The Nassau Guardian can confirm.

This exercise is intended to lead to bidding for the state-owned company.

Parties interested in purchasing BTC will be required to complete a registration form and pay a US$25,000 processing fee by July 28.

The government plans to refund the fee for any party that is not chosen to move ahead to the due diligence phase of the process, but the fee will not be refunded to any prospective buyer who moves to this next phase. In addition to acquiring a 51 percent shareholding in BTC, the new owner would also gain operational control of BTC, which currently provides services to over 334,000 wireless, 132,000 fixed line and 18,500 broadband customers throughout The Bahamas. The company currently has 190 roaming agreements in place serving more than four million tourists who visit The Bahamas each year.

Pretty interesting - I wonder how the overall economic situation will affect the sale price and/or the ability of potential buyers to find credit or capital to buy it.

AddThis Social Bookmark Button
Archive link for this entry: Bahamas Telecommunications Company for sale |
Archives
March 2011
February 2011
January 2011
October 2010
April 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
December 2008
November 2008
October 2008
September 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
October 2006
May 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005
July 2004
June 2004
May 2004
April 2004
March 2004
February 2004
January 2004
December 2003
November 2003